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Akil_stokes

EURGBP: Low Risk Selling Opportunity Some greater than expected fundamentals have given us a very strong Euro today. Therefore, instead of trying to jump on the move late (a mistake that I've made more times than i'd like to admit while earning my trading stripes) I'm looking for area where the market may provide us with some release in the form of a counter trend trading opportunity. Here on the EURGBP, price action has made it's way in a level of previous structure resistance at the 0.8590's level and has created a Double Top pattern along with an overbought RSI & bearish Divergence. Thanks to the psychological number right above, we are now provided with a very low risk trading opportunity featuring a reward to risk ratio that is 3:1. Contrary to popular belief (aka what the internet tells you) most traders don't win at a very high rate. Outside of chat forums, most professional traders lose just about as much as they win (40-60%0. therefore what's more important than a high win percentage is a controlled risk and this trade represents a perfect example of such trade. Akil Stokes "plan Your Trade, Trade Your Plan"
Short
by Akil_Stokes
23
ENHANCED EURGBP ANALYSIS BUY ACHEIVED HARMONICSFrom my harmonic pattern analysis, that possibly there might be a projection for shorting in the market, after the Buy I located in the green zone. Please do not place any trade yet as they are POTENTIAL, but if you know how to calculate where your stops and take profits are, by all means, go! But I will not be responsible if your trades are losing. So far all of my ideas posted about trades have been 100% correct. I will post where you need to get in but you need to make the effort to see where you need to get out, SL, TP etc... timing for your trades is not my problem, just to let you know. Now, If you have any questions please private message me or write it in the comments below, Thanks ENJOY!
by bilalmehmood8729
GOLD: Moving To Previous Support Gold is making its way down to the 1200.00 price which is a strong psychological number as well as a strong previous level of structure. After this long drop from 1296.00 I would expect there to be some sort of relief down at this level as sellers look to remove profits & buyers start to become interested once again. A 50% rally from that point would put us in line with our previous level of inside resistance as well as set up a potential reversal pattern in the form of a head & shoulders.
FX:XAUUSDLong
by Akil_Stokes
28
AUDNZD: CTS Short Opportunity With gaps interrupting the majority of the pairs in my trading portfolio I'll be turning to more minor pairs in order to find trading examples. Following up on yesterday's Combined Technical Scoring System Strategy Lab I thought that this would be a perfect opportunity to share today. Obviously price has already began to react after running into previous structure resistance, but a retest of structure (double top or 2618) would provide a much more conservative entry into this bearish opportunity. Many of you enjoyed the article that I shared yesterday titled "The 1 Habit of Self Made Millionaires" so today i'll be doing a a Live discussion on it at 1:20pm (New York Time), relating it to trading. Should be fun!
Short
by Akil_Stokes
11
EURJPY - 1st Strike Trend Continuation The EURJPY was one of the main pairs on my watch list heading into this week of trading due to the fact that we had just broken a previous level of structure support. I took a small loss on an aggressive day trade on the 5 Range bar charts during this mornings Live Room session, but this was the first opportunity I had to get in as a swing trader. It's an aggressive sell once again, but due to the amount of risk & the risk reward potential of the trade it's certainly a trade that I'm interested in. If stopped out, my eyes will then be on a second chance short around the $119.00 price point which is a level where previous structure support has shifted to resistance in the past. I sent a video out of the initial analysis this morning & if I have the time later on the the week I'll try to put everything together so that you guys can see it as well. Good luck in the markets traders & keep an eye out for those WED FOMC Minutes. Although it's a USD based release, the USD & the YEN have been in a fierce battle of save haven pairs so I would certainly expect to see some type of reaction. Akil Stokes Forex Trader & Trading Coach
Short
by Akil_Stokes
16
USDCAD - Extension to 13450's AreaDespite getting skunked out on a bullish Gartley formation on this pair yesterday (Thanks Core Retail Sales), yesterday ended up being a fantastic day of trading. Today Canada is back on my watchlist for another long opportunity, but this time it's for a potential trend continuation trade in anticipation of a move back up to the 1.3450's area. Along with the USDCAD loss, yesterday also featured a losing trade on the EURJPY. However, completed moves on AUDUSD, USDJPY & the NZDUSD (which I've been holding from before the rate decision) finally played out making it a pretty decent day. Could have been better as NZDUSD game within 5 pips of potential profits before reversing (insert loud Spartan like yell) but trial stops were still 100+ pips in profit so it's still something. Akil Stokes
Long
by Akil_Stokes
17
EURJPY- 4 Hour Analysis Yesterday we were looking at the EURJPY & preparing ourselves for a potential Advanced Pattern completion down at the 120.30's level. That opportunity still exist, but EUR strength on the open has also created another potential trading opportunity the short side. As price action approaches a level of previous structure support now turned potential resistance, well look to see if price will hold around the 121.50's area. If so & we receive a reversal signal we can then look to hop on a short opportunity in advance of the potential pattern completion. Akil Stokes "Plan Your Trade, Trade Your Plan"
by Akil_Stokes
AUDUSD: Potential Bearish Trend Continuation Trade Opportunity Hey traders what I'm looking at in this chart is a potential Bearish Trend Continuation Trading Opportunity on the AUDUSD. Price action has provided a little bullish relief after the Friday Job's report and as we get a retracement back into previous structure levels we're offered an entry opportunity for anyone looking to get involved in a bearish move. If you want more details on this trade and my fundamental views heading into this interest rate week then check the signature box below & I'm sure you can find a place where I talk about this trade in more detail. I'm off to finish up a little continued education & get ready for selection Sunday for you college basketball fans out there. Best of luck in the markets this week and as always be safe out there!
Short
by Akil_Stokes
13
GOLD: Potential Bullish Cypher (Sorry forgot to hit long)Here's something one of our traders found yesterday in the live trading room. It's a potential bullish Cypher formation on Gold. If you continue to scroll the chart left you'll see that the completion and retracement level as a whole comes at a pretty decent level of previous structure support & resistance as well. (Wish i had a cool name for this but I call it a "Polar Flip" If you have any suggestions let me know) I don't personally trade gold, but I am a longer term investor in this hard asset metal so I would also welcome a bullish move. FUNDAMENTALS We had a great ADP number yesterday which is typically a precursor to tomorrow's Jobs number. The March interest rate hike has already been priced into the markets, but some great numbers could leave clues about the next hike.
FX:XAUUSD
by Akil_Stokes
31
EURJPY: Where Previous Support Turns to Potential ResistanceAfter breaking down from a 2 month consolidation. The EURJPY is now returning to the level that at one point proved to be a significant level of support. After the violation we are now looking for this previous level of structure to potentially flip and act as resistance, offering a bearish trading opportunity with a very positive risk reward. On the right of the chart are the 3 potential levels of profit taking that we discussed ranging from the conservative to the more aggressive. My apologies for being absent, but between a rough start to the trading year and the launch of a new course, sharing on Trading View was a very low priority. Hopefully as things start to slow down towards the spring & summer, I can return to positing more consistently. Either way i appreciate your continued support as we have a GREAT community of traders on this site!
Short
by Akil_Stokes
15